overall I think excessively defensive to raise again now. get why they do it (strengthen up the balance sheet before an unpredictable drill season), and probably had some pressure externally to do this, but not the best result for holders given they had cash to see through a large chunk if not all of their planned work.
doubt it changes too much though for price action, just some short term noise. If anything probably becomes a buy again for me here given it’ll find strength at current levels off the raise price (and offscreen demand); and the convexity in the news flow lies to the upside, and the downside has a long decay - I.e a single set of positive results can revalue much higher, where as a single miss is much less significant to valuation given the size of the work, and would take consistent misses to revalue significantly lower; which I also find unlikely given they’re targets are pretty slam dunk.
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overall I think excessively defensive to raise again now. get...
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Last
8.4¢ |
Change
0.006(7.69%) |
Mkt cap ! $24.49M |
Open | High | Low | Value | Volume |
8.0¢ | 8.6¢ | 7.8¢ | $73.98K | 901.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 226434 | 8.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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8.4¢ | 21999 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 226434 | 0.082 |
1 | 43894 | 0.081 |
5 | 178826 | 0.078 |
1 | 300000 | 0.077 |
5 | 964999 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 21999 | 1 |
0.085 | 58000 | 2 |
0.086 | 358597 | 1 |
0.087 | 304513 | 1 |
0.093 | 91000 | 1 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
8.3¢ |
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Change
0.006 ( 2.47 %) |
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Open | High | Low | Volume | ||
8.0¢ | 8.6¢ | 7.9¢ | 171280 | ||
Last updated 15.59pm 07/05/2024 ? |
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